Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Get Free Report) was up 5.9% during trading on Wednesday . The company traded as high as $12.65 and last traded at $12.65. Approximately 114,298 shares traded hands during trading, a decline of 60% from the average daily volume of 289,283 shares. The stock had previously closed at $11.94.
Analyst Ratings Changes
A number of brokerages have recently weighed in on LIND. Craig Hallum upped their target price on Lindblad Expeditions from $12.00 to $16.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. B. Riley upped their price objective on shares of Lindblad Expeditions from $15.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, August 23rd. Finally, StockNews.com upgraded shares of Lindblad Expeditions from a "hold" rating to a "buy" rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.25.
Read Our Latest Analysis on Lindblad Expeditions
Lindblad Expeditions Stock Up 6.6 %
The company has a market capitalization of $693.84 million, a P/E ratio of -16.97 and a beta of 3.11. The company's 50-day simple moving average is $11.64 and its 200 day simple moving average is $9.91.
Insiders Place Their Bets
In other news, Director John M. Fahey, Jr. sold 7,000 shares of Lindblad Expeditions stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $11.76, for a total value of $82,320.00. Following the transaction, the director now owns 123,754 shares of the company's stock, valued at $1,455,347.04. This trade represents a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 34.30% of the company's stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Anchor Capital Management Company LLC grew its holdings in Lindblad Expeditions by 51.3% in the 2nd quarter. Anchor Capital Management Company LLC now owns 1,325,168 shares of the company's stock valued at $12,788,000 after buying an additional 449,098 shares during the last quarter. Portolan Capital Management LLC acquired a new stake in shares of Lindblad Expeditions in the third quarter worth $2,399,000. Connor Clark & Lunn Investment Management Ltd. increased its position in Lindblad Expeditions by 104.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 292,292 shares of the company's stock worth $2,704,000 after acquiring an additional 149,409 shares during the period. Panagora Asset Management Inc. raised its stake in Lindblad Expeditions by 116.6% during the 2nd quarter. Panagora Asset Management Inc. now owns 123,702 shares of the company's stock valued at $1,194,000 after purchasing an additional 66,595 shares during the last quarter. Finally, PDT Partners LLC bought a new stake in Lindblad Expeditions in the 3rd quarter valued at $556,000. 75.94% of the stock is currently owned by institutional investors and hedge funds.
Lindblad Expeditions Company Profile
(
Get Free Report)
Lindblad Expeditions Holdings, Inc provides marine expedition adventures and travel experience worldwide. It operates through Lindblad and Land Experiences segment. Lindblad segment provides ship-based expeditions aboard customized, nimble, and intimately-scaled vessels, which offers up-close experiences in the planet's wild and remote places, and capitals of culture; and offers expedition ship which is equipped with state-of-the-art tools for in-depth exploration with infrastructure and ports, such as Antarctica and the Arctic, and places that accessed by a ship comprising Galápagos Islands, Alaska, Baja California's Sea of Cortez and Panama, and foster engagement activities.
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